Nike Inc (NKE) Holdings Raised by Town & Country Bank & Trust CO dba First Bankers Trust CO

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Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Nike Inc (NYSE:NKE) by 46.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,214 shares of the footwear maker’s stock after acquiring an additional 3,556 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Nike were worth $950,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. ST Germain D J Co. Inc. increased its holdings in shares of Nike by 9.3% in the second quarter. ST Germain D J Co. Inc. now owns 7,763 shares of the footwear maker’s stock worth $619,000 after purchasing an additional 660 shares during the last quarter. Norway Savings Bank increased its holdings in shares of Nike by 17.5% in the second quarter. Norway Savings Bank now owns 4,610 shares of the footwear maker’s stock worth $367,000 after purchasing an additional 685 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Nike by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 223,178 shares of the footwear maker’s stock worth $17,783,000 after purchasing an additional 689 shares during the last quarter. Barrett Asset Management LLC increased its holdings in shares of Nike by 3.2% in the second quarter. Barrett Asset Management LLC now owns 22,449 shares of the footwear maker’s stock worth $1,789,000 after purchasing an additional 700 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Nike by 1.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 49,366 shares of the footwear maker’s stock worth $3,932,000 after purchasing an additional 703 shares during the last quarter. 63.97% of the stock is currently owned by institutional investors and hedge funds.

In other Nike news, CFO Andrew Campion sold 2,907 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $76.85, for a total transaction of $223,402.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $76.07, for a total value of $760,700.00. Following the transaction, the executive vice president now owns 86,774 shares of the company’s stock, valued at approximately $6,600,898.18. The disclosure for this sale can be found here. Insiders have sold 72,778 shares of company stock valued at $5,969,246 in the last 90 days. Company insiders own 3.90% of the company’s stock.

Several brokerages have recently issued reports on NKE. Bank of America reaffirmed a “sell” rating and issued a $50.00 target price on shares of Nike in a report on Friday, September 21st. Stifel Nicolaus lifted their target price on Nike from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Goldman Sachs Group set a $81.00 target price on Nike and gave the stock a “buy” rating in a report on Thursday, September 20th. Pivotal Research set a $85.00 target price on Nike and gave the stock a “hold” rating in a report on Friday, September 21st. Finally, Barclays lifted their target price on Nike to $100.00 and gave the stock an “overweight” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $84.60.

Shares of NYSE:NKE opened at $75.91 on Friday. Nike Inc has a 1 year low of $50.40 and a 1 year high of $86.04. The company has a market cap of $135.60 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 2.81 and a beta of 0.65. The company has a quick ratio of 1.53, a current ratio of 2.31 and a debt-to-equity ratio of 0.39.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 25th. The footwear maker reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. Nike had a return on equity of 40.69% and a net margin of 5.57%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts anticipate that Nike Inc will post 2.63 EPS for the current fiscal year.

Nike declared that its Board of Directors has initiated a stock buyback plan on Thursday, June 28th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the footwear maker to reacquire up to 12.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Tuesday, September 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. Nike’s dividend payout ratio (DPR) is presently 33.06%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: What is an Initial Public Offering (IPO)?

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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